Magnesium Oxide Market Size, Share, and Industry Analysis, By Type (Calcined (Caustic), Dead-Burned, and Fused), By End-Use Industry (Medicine, Cosmetics, Heating Industry, Animal Feed, and Others), and Regional Forecast, 2024-2032

Magnesium oxide is widely used as a refractory material in furnace linings for producing iron, steel, non-ferrous metals, and glass. It is an environmental scrubber that controls sulfur dioxide emissions from power plants. In agriculture, magnesium oxide is a supplement for animal feed and fertilizers. It's a key ingredient in manufacturing certain types of cement, offering improved properties over traditional materials. Magnesium oxide is also used in the medical field as a dietary supplement, and antacid is used to treat heartburn and indigestion.

• The Chinese government implemented strict environmental protection policies regarding magnesium oxide. These policies aim to reduce pollution and promote sustainable development within the magnesium oxide industry, a significant sector due to China's status as a leading producer worldwide.

Segmentation

Key Insights

The report covers the following key insights:

• Key Emerging Trends – For Major Regions


• Key Developments: Mergers, Acquisition, Partnerships


• Latest Technological Advancements


• Insights on Sustainability


• Porters Five Forces Analysis


• Impact of COVID-19 on the Market

Analysis by Type

By type, the market is segmented into calcined (caustic), dead-burned, and fused. The calcined (caustic) segment holds a significant share of the global Magnesium oxide market. Calcined magnesium oxide (MgO), also known as caustic calcined magnesite, is an essential component in refractory materials used by the steel industry. It enhances durability and heat resistance. Additionally, it serves as an environmental scrubber, treating wastewater and flue gases by neutralizing acids and removing heavy metals and sulfur compounds. In agriculture, it is utilized to correct soil acidity, providing an essential nutrient for plant growth and improving soil structure. Calcined MgO plays a crucial role in the production of magnesium-rich cement, contributing to a reduced carbon footprint and offering enhanced material properties for construction.

Analysis by End-Use Industry

Based on the end-use industry, the market is segmented into medicine, cosmetics, heating industry, animal feed, and others. The medicine segment holds a considerable share of the global Magnesium oxide market. The medicine segment in the magnesium oxide market is crucial for various applications, including as an antacid to neutralize stomach acid and relieve symptoms of indigestion and heartburn. It's employed in laxatives to alleviate constipation by drawing water into the intestines and promoting bowel movements. Magnesium oxide is also used as a dietary supplement to prevent and treat magnesium deficiency, supporting muscle and nerve function and bone health. Additionally, it serves as a protective agent in pharmaceutical formulations to avoid the degradation of the active ingredients.

The cosmetic segment primarily drives the magnesium oxide market. Magnesium oxide is a bulking agent and color additive in cosmetic products. It serves as a pH adjuster in skincare formulations, helping maintain the product's stability and safety. Magnesium oxide is utilized in face powders and foundations for its absorbent properties, improving texture and providing a matte finish. Additionally, its use in skincare helps control excess oil and reduce shine, making it ideal for oily skin types. This compound also offers mild antiseptic properties, contributing to the skin's overall health.

The animal feed segment also drives the magnesium oxide market. Magnesium oxide is extensively used as a dietary supplement in animal feed, ensuring proper growth and bone development in livestock. It acts as an essential ingredient in feed for ruminants to prevent hypomagnesemia, especially in cattle, enhancing overall health and productivity. In poultry feed, magnesium oxide serves as a nutrient additive, supporting eggshell quality and the metabolic processes of birds.

Regional Analysis

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The global market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific dominated the magnesium oxide market with approximately 54% of the market share in 2023. The market is driven by increasing healthcare awareness and demand for pharmaceuticals and dietary supplements. Rapid industrialization is boosting the use of magnesium oxide in environmental and agricultural applications. Additionally, the expanding food & beverage sector leverages magnesium oxide for nutritional enhancements and as a food additive, fueling market growth.

Breakdown of pharmaceutical sales in the year 2023,

• North America- 49%


• Europe- 24%


• China - 9%


• Japan - 6%


• Latin America - 4.5%


• Others - 7.5%

The major Magnesium oxide market consumers by region are China, Japan, and India in Asia Pacific; the U.S. & Canada in North America; Germany and France in Europe; and Saudi Arabia and UAE in the Middle East.

• In 2023, the total sales of pharmaceuticals in the U.S. was USD 670 billion.


• The total pharmaceutical sales in China was USD 121.6 billion in 2023.

Key Players Covered

The report includes the profiles of key players, such as RHI Magnesita, Grecian Magnesite S.A, Martin Marietta Materials Inc., Ube Corporation, Premier Magnesia, LLC, Israel Chemicals Ltd., Kumas Manyezit Sanayi A.S, Konoshima, Nedmag and Nanoshel.

Key Industry Developments

• In October 2023, RHI Magnesita strengthened its position in process industries with the acquisition of Preiss-Daimler Group, a leading producer of high-quality alumina-based refractories.

• In 2022, Tenova received a contract from Australia-based Latrobe Magnesium Limited (LMG), under which it will initially supply spray roaster technology to the company’s magnesium oxide (MgO) plant at Latrobe Valley, Victoria, Australia.